According to a new study by Fact.MR, global bearing market growth will hover around 7% despite fundamental weaknesses induced by COVID-19 pandemic. Market players are readying for the opportunities as reversal of lockdowns has created stimulus in many markets. However, the uncertainty over second wave of the pandemic and lack of investor confidence can delay recovery to late 2021 […]
The global off-highway engine market is set to experience rapid progress at close to 7% CAGR from 2021 to 2031. Over the past half-decade, demand has swelled at 2.3% CAGR, mostly for construction and agriculture equipment, small marine engines and gensets. Moreover, inception of industry 4.0 globally has mandated industry verticals to mobilize their supply […]
Automotive Tubeless Tires Market – Key Insights The global automotive tubeless tires market registered a CAGR of over 6% during the period 2012-2016. Sales of automotive tubeless tires generated revenues worth US$ 148 Bn in 2018 and are anticipated to exceed US$ 158 Bn by the end of 2019. APEJ is predicted to remain the largest automotive tubeless tires […]
Motorcycle Sales to Plummet amid COVID-19 Pandemic, Market to Expand 1.1X Post Recovery The COVID-19 pandemic is having a negative impact on the globally integrated motorcycle industry due to the closure of plants in leading motorcycle manufacturing countries like India, China, Japan and ASEAN. This has also affected the supply of components to the manufacturing […]
